Cryptocurrency market experiences significant liquidations in 24 hours

According to PANews, the cryptocurrency market has seen a significant liquidation amounting to $517 million over the past 24 hours. Data from Coinglass reveals that long positions accounted for $101 million of the liquidation, while short positions totaled $415 million. Bitcoin (BTC) experienced liquidations reaching $164 million, while Ethereum (ETH) saw liquidations of $118 million.